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Volume 14 Issue 31

Tuesday, July 30, 2024

MBA: Home Equity Lending Volume Stays Relatively Flat in 2023; Debt Outstanding Increases

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5% compared to the previous year, while debt outstandings increased 8.3%.

ICE First Look: Calendar-Driven Spike in Delinquencies in June; Foreclosures Remain Historically Low

Coming off a near-record low in May–and with June ending on a Sunday–the national delinquency rate increased to 3.49%, its second-highest level in 18 months, according to Intercontinental Exchange.

MBA: Delinquency Rates for Commercial Property Loans Declined Slightly in Second Quarter of 2024

Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance Loan Performance Survey.

Two-Thirds of Homes Underinsured, Matic Reports

Matic, Columbus, Ohio, released its mid-year premium trends report, finding that approximately two-thirds of homes are underinsured, largely due to insurance policies that fail to reflect construction costs or home improvements.

ATTOM: Home Sellers’ Profit Margins Nearly Flat in Second Quarter

ATTOM, Irvine, Calif., released its second-quarter 2024 U.S. Home Sales Report, which showed that home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter.

MBA Recognizes Premier, Select Members

MBA is proud to recognize its Premier and Select Members and to thank them for their continued support of MBA and the real estate finance industry.

MBA VIDEOS

mPower Moments: On the Importance of Putting Yourself First With MBA’s Jamika Adams

mPower Moments: On the Importance of Putting Yourself First With MBA’s Jamika Adams

MBANow With Tamara King on the Updated BGW White Paper

MBANow With Tamara King on the Updated BGW White Paper

MBA Research Minute

MBA Research Minute

MBA Eye on Washington

MBA Eye on Washington

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TOP NATIONAL SERVICING NEWS

Servicer Satisfaction Up but so Is the Potential for Distress
High Rates Have Been Good for One Corner of the Mortgage Industry. Now What?
Spread Widens Between Home Equity Rates at Banks, Credit Unions
What a Destructive Hurricane Season Means for the Mortgage Industry
Mr. Cooper to Acquire Flagstar’s Servicing and TPO Businesses for $1.4B in Cash
20 States Where Mortgage Delinquency Is Increasing the Most
Surge in Commercial-Property Foreclosures Suggests Bottom Is Near

MBA NEWS/SERVICING

Mortgage Servicing and Sub-Servicing Webinar Series: Part II: Details, July 31
Make the Most of Your MBA Membership: Special Focus CREF Servicing–Aug. 27
Uncovering Insurance Servicing Risks: Safeguarding Your Operations: Sponsored Webinar Sept. 11
MBA Compliance and Risk Management Conference Sept. 22-24
Certified Mortgage Compliance Professional (CMCP) Designation
Residential Certified Mortgage Servicer (RCMS) Designation
MBA Member Advantage Program: Exclusive Benefits and Discounts with Industry Partners
MBA Education Advantage: Learn for Less

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Servicing Quote Tuesday, July 30, 2024

“Despite the tepid volume growth in 2023, our study shows an uptick in home equity debt outstanding. The elevated mortgage rate environment slowed servicing runoff, and utilization rates also increased.” --Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

MISMO Publishes Updated Mortgage Insurance Rate Quote Implementation Guide and Sample Files

MISMO, the real estate finance industry’s standards organization, announced the publication of updates to the Mortgage Insurance (MI) Estimated Rate Quote API Implementation Guide (iGuide) and Sample Files.

MISMO Publishes Ability to Repay Decision Model and Notation White Paper

MISMO, the real estate finance industry’s standards organization announced the publication of The Ability to Repay Decision Model and Notation white paper.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938
Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774

Advertising Opportunities: Bill Farmakis | 203/834-8832